When you purchase physical gold or silver from Costco, APMEX, JM Bullion, what do they accept in return for your purchase of precious metals? It’s funny that the person you buy gold from will gladly accept your paper money in exchange.
For starters, gold won’t fix it. But it will be posed as a solution to the fallout of idiosyncratic policies.
What can history teach us about what happens when a populist strongman with an idiosyncratic taste for low interest rates undermines central bank independence?
The more gold their central bank stacked, the higher the inflation.
gold purchases are meant to be a show of strength but are instead proof of weakness. After France increased their holdings 40% due to US purchases their currency weakened. France was forced to issue gold indexed bonds that cost France 7 x by 1940
A gold standard is a government price fix. Outside of those conditions, gold follows the market, albeit belatedly, up and down
The best way to troll folks is to offer “rewards” and then have the government repudiate those “rewards” for you.
This is the cornerstone of the gold ruse. Offer bonds in gold, government comes along and says, “gold no longer allowed.”
If the belief is that “gold and silver are crushing the global monetary system” then there will be a point when gold and silver will be more unwanted than paper money.
compare gold to the Nasdaq. They both started trading in 1971.
Gold beat the nasdaq from 1971 to 1980. However, the Nasdaq kept climbing while gold declined from 1980-2000.
Gold has a limited shelf life driven by fear while the Nasdaq has an unlimited shelf life that is driven by hope.
What if we told you that what you’re seeing in gold is only an attempt to catch up to the performance of the stock market?
The gold ruse is the government prints fiat and prints the coins that every bullion dealer buys and sells in exchange for fiat. Governments use gold/silver to gain acceptance of money that they issue with the goal of replacing the gold and silver at a later date.
Well played Gov’t
Who selects the head of the US MINT. The preferred alternative to the US Treasury and Federal Reserve!
POTUS. Republican under republicans. Democrat under Biden.
They want you to buy gold and silver because the more you and they accumulate, the more they are able to debase the fiat. It gives the countries coin of the realm, more prestige when you tell the world, you’ve got it backed.
Here’s the real whopper, if Central Banks cause inflation, why do we have records of extreme, long wave inflation for 100s of years before Central Banks?
Presidents aren’t in control of Wages, Inflation, and general economic conditions.
I repeat my plea to read and re-read over and over again Josephs Chapters on Cycles in Babylon Banksters. Somehow the system, erased my first round of posts, but Joseph or moderator restored them.
If you think we are entering a stage of hyperinflation and total destruction of the dollar, read web of Web of Debt - TIME TO GET OUT THE WHEELBARROWS? ANOTHER LOOK AT THE WEIMAR HYPERINFLATION
It wasn’t central bank money printing that caused the collapse of the Papiermark. It was western bankers shorting the currency. Zimbabwe? The IMF did it.
Cause and Effect vastly different than the popular memes that are floated around by gold bugs.
I’m a reformed gold and silver gold bug. I was there in 2011. The same troupes are marching out same narratives. Basic overhead resistance destroyed the narratives for 21 years. They’re back.
